Press Releases

Communiqué from extraordinay meeting in Selena Oil & Gas Holding AB (publ)

31.05.2013

 

Communiqué from extraordinary shareholders’ meeting Oil and Gas Holding AB (publ) 
 
The meeting resolved to approve a settlement agreement whereby: (1) Ms. Nadezhda Popova transfers to Selena Oil & Gas AB all shares in OOO ”Selena-Perm” belonging to her and all claims under the loan agreements concluded between the Company and its subsidiaries as the borrowers and Bryum Limited as the lender, for the total principal amount of 2,158,000 USD, with all interest and penalties accrued whereon (which claims Ms. Nadezhda Popova intends to acquire from Bryum Limited); (2) OOO ”Selena-Perm” will be reorganized so that OOO ”KNK” (an entity controlled by Ms. Nadezhda Popova) will ultimately acquire assets and liabilities of OOO ”Selena-Perm” except those related to the ”Komarihinskoye” oil field, which will remain on the balance sheet of OOO ”Selena-Perm” with all related assets and liabilities. The meeting resolved to grant the Board of Directors the approval for the above transactions and the authorisation to further negotiate and implement the same. After the transaction it is anticipated the company’s 2P reserves will amount to 21.3 Mmbbl.
 
Furthermore, the extraordinary shareholders’ meeting elected a new board of directors. All previous board members were discharged and the extraordinary shareholders’ meeting elected new board of directors with its members being Indrek Rahumaa, Erik Staffan Bernstein Torstensson, Poul Gunnar Waern, Lars Bergström, Per Olof Sjöstedt and Jürgen Lamp.
 
For further information, please contact:
Indrek Rahumaa,
phone +46 73 087 5800,
e-mail: indrek.rahumaa@selenaoil.com
 
 
Selena Oil & Gas Holding AB (publ) (former Emitor Holding AB) is engaged in the production of oil and in the Volga-Ural region in the Russian Federation, including Perm and Udmurtia. The company is listed on NASDAQ OMX First North Premier in Stockholm under the ticker SOGH. Mangold Fondkommission is the company´s Certified Adviser and liquidity provider, telephone +46 8-503 015 50.

 

Click here to download report in PDF format

 


Click here for Emitor Holding AB (publ) Press releases 2008 – 2011